Exam 4: Customers and Sales

Online bill pay allows you to: A.Sell goods over the internet B.Email invoices to customers C.Receive online payments from customers D.QuickBooks does not support online bill pay

To record a credit sale, select:

To increase collections of payments, you can use all the following QuickBooks features, except:

The Undeposited Funds account:

Briefly explain the difference between creating a sales receipt and creating an invoice.

A Reminder Statement provides the following information, except:

From the Customers Section, "Assess Finance Charges" allows you to:

Name 3 (three) reasons why a job for a customer might be "pending".

Online bill pay allows you to:

The Customer List in QuickBooks can be accessed from all of the following except:

Name 3 (three) reasons why a job for a customer might be "pending".

To print the Aging of Accounts Receivable report:

Which report provides information on customers who have overdue accounts? A.Accounts Receivable Aging Summary B.Accounts Receivable Aging Detail C.Customers with Open Invoices D.Collections Report Short Answer Questions

When a customer is billed when the project/job reaches specified milestones, what type of billing does the company use? A.Purchase Order billing B.Estimates Pre-billing C.Progress billing D.Normal (end-of-job) billing

When a credit sale is recorded on an invoice, QuickBooks records: